Jaggaer

SEPTEMBER 1, 2020

When procurement thinks about why they might implement a category management pro cess , the reasons that come to mind are likely to involve more effective management of spend or having increased time to invest in strategic supplier relationships. Evaluating the relevant risks in the supply chain for each category.

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Procurement Heads

FEBRUARY 7, 2023

For Procurement Heads ’ latest CPO Spotlight, Magdalena spoke with Rupert Gaster about why she chose to complement her procurement career with end-to-end supply chain roles and what drives her curiosity. How procurement has evolved since seems just unimaginable. There are many benefits of this career strategy.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Typically, the value that a procurement professional contributes to a business can usually be measured either in: Hard cost savings, or; Other, less tangible but equally important forms of value: Cost avoidance.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement Category management 52

Procurement Tactics

OCTOBER 13, 2022

A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. However, not many people know their real role in procurement. . In this article, we will discuss what a strategic sourcing manager is. Assess and calculate the costs of procurement.

Strategic sourcing 200

Strategic sourcing Strategic sourcing Sourcing Management 200

ivalua

SEPTEMBER 22, 2022

Through our sponsored Forrester research and experience working with hundreds of the world’s most admired brands, we have established several key strategies to create a more resilient supply chain: 1. The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Supply Supply chain 130

Spend Matters

SEPTEMBER 14, 2023

Risk reduction is especially important in the supply chain, where leaders are focused on supply and supplier transparency to assess vulnerabilities. We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement.

Procurement 100

Procurement Supply Chain Efficiency Category management e2e 100

Procurement Leaders

MARCH 22, 2023

Could you share a little bit of insight about your procurement team structure, strengths and challenges? Three years ago, we finalised our structural transformation to a global category-focused team. We are in the middle of a period of rampant inflation, what are you doing differently to manage this environment?

Supply Chain Efficiency 130

Supply Chain Efficiency Risk Supply chain Suppliers 130

Supply Chain Game Changer

OCTOBER 28, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Spend Matters

JANUARY 17, 2024

In this Spend Matters Vendor Analysis, we give an overview of ChAI, a pricing/market intelligence solution built to provide procurement teams with deep insights into the evolution of commodities. Understanding the evolution of commodity prices is crucial for procurement professionals.

Raw materials 56

Raw materials Supply Chain Efficiency supply chain budgeting Strategic planning 56

Arkestro

JANUARY 4, 2023

In 2022, procurement faced challenges on multiple fronts. Among them were supply chain disruptions , inflation, and supply scarcity and shortages. Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey.

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

ivalua

MAY 1, 2020

The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.

Supply chain management 130

Supply chain management Supply chain management Agile and Lean Supply Chain Supply Chain Optimization 130

Procurement Software

APRIL 23, 2024

You have to know what you’re spending your money on before you can start to transform your procurement operations. To do this quickly and efficiently, spend analytics software is your best friend. Sure, but it won’t be very efficient and it’s prone to human error.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Supply Chain Efficiency supply chain budgeting 52

SCMDOJO

FEBRUARY 13, 2023

This department manages the selection, acquisition, and payment of goods and services needed to run a business. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Procurement Heads

DECEMBER 7, 2022

Three years ago I was presented with the opportunity to bring my consulting skillset to procurement more officially at Paysafe and I am really pleased I made that move. How does procurement fit into Paysafe and the business model? The two key functional areas are strategic sourcing and category management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Procurement Software

MARCH 19, 2024

Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Category Management AI will increasingly be used to help to write and generate category strategies.

Procurement 52

Procurement Category management supply chain software solutions Data 52

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 78

Category management Management Supplier relationship management supply chain software solutions 78

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. Automation increases efficiency and reduces errors, leading to faster and more accurate procurement cycles.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

Supply Chain Game Changer

NOVEMBER 26, 2018

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Positive Purchasing

SEPTEMBER 5, 2023

Jonathan: We set the business up because we were convinced the World needed and was ready to embrace sustainability in both immediate suppliers and right down their extended supply chain – and a heap of conversations with prospective clients confirmed that this was indeed the case. How do we manage risk?

supply chain budgeting 69

supply chain budgeting Category management Negotiation Sustainability 69

Procurement Heads

APRIL 26, 2023

For Procurement Heads ’ latest Big Interview, she spoke to Will Cooke about her career. How did you get into procurement? I studied procurement and obtained a Master’s degree in supply chain and international procurement. We manage billions of dollars worth of spend.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

For Procurement Heads ’ latest Big Interview, she spoke to Will Cooke about her career. How did you get into procurement? I studied procurement and obtained a Master’s degree in supply chain and international procurement. We manage billions of dollars worth of spend.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Spend Matters

JANUARY 25, 2024

I believe that the scope of procurement will not contract back to a sole focus on supply stability and cost containment. The challenge facing procurement will be how to tackle all of this successfully.

Procurement solutions 69

Procurement solutions Procurement supply chain software solutions Supply Chain Efficiency 69

Procurement Heads

MARCH 27, 2023

It is still the most challenging piece of procurement that I’ve ever been involved with, but I really enjoyed the work and after that I started applying for permanent procurement roles. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Procurement 246

Barkers Procurement

MARCH 26, 2023

Procurement understands the corporate strategy and supports it Procurement looks at the company’s objectives and at how it can support them. You’re likely keen to cut costs, and a look at spending across the supply chain is one obvious way to do it, which can lead to significant savings.

Procurement 52

Procurement Purchase orders Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

JANUARY 21, 2021

Subscribe to Supply Chain Game Changer. Featuring Our 12 Best Procurement Articles! Procurement drowning in data article and permission to publish here provided by Sam Jenks at kodiakrating.com. Meanwhile, 60% of procurement teams have no tools or rely primarily on improvised systems for Supplier Management.

Data 85

Data Procurement Supply Chain Efficiency Procurement team 85

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Parallel to this, they offer the ability to streamline supplier governance and due diligence activities to cover increasing demands on compliance and supply chain visibility. Studied cases at Kodiak Hub show between 1–3 % loss of brand exposure resulting from a non-compliant supply chain. Increased Negotiation Power.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MARCH 12, 2024

It will also be able to assist in monitoring supply chain disruptions by being able to quickly summarise foreign language news sources and weather reports. Younger team members, who are using tools like ChatGPT at home, will expect this level of efficiency in the workplace. Will AI in Procurement kill off some roles?

Procurement 52

Procurement Category management supply chain software solutions Data 52

Procurement Heads

MARCH 27, 2023

It is still the most challenging piece of procurement that I’ve ever been involved with, but I really enjoyed the work and after that I started applying for permanent procurement roles. What are the roles and responsibilities the procurement function holds within Futures Housing Group?

Sustainability 130

Sustainability Agile and Lean Supply Chain Influencing Procurement 130

Empowering CPO

JUNE 14, 2023

This is not just about understanding the current trends, but about envisioning the future of procurement. Whether you’re a procurement professional looking to stay ahead of the curve, a business leader seeking to drive efficiency, or simply someone interested in business innovation, this post is for you.

Innovation 52

Innovation Procurement Supply Chain Efficiency Sustainability 52

Arkestro

SEPTEMBER 5, 2023

Resources / Blog / The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert The Road Ahead: Navigating Procurement Challenges with an Automotive Industry Expert For automotive procurement teams, navigating the complex landscape of procuring components for vehicles is no easy feat.

Procurement 52

Procurement supply chain software solutions supply chain budgeting Buyers 52

Supply Chain Game Changer

MARCH 28, 2020

Subscribe to Supply Chain Game Changer. The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. The Procurement Value Chain Continuum. Procurement 101.

Procurement 71

Procurement Chief Procurement Officer Supply Chain Efficiency Purchase orders 71

Planergy

DECEMBER 29, 2022

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Marketing Procurement: Challenges and Best Practices. Best Practices & Tips Category Management Procurement. Procurement leaders often underestimate the importance of marketing procurement.

Procurement 52

Procurement Raw materials supply chain budgeting supply chain software solutions 52

Supply Chain Game Changer

JUNE 10, 2020

Subscribe to Supply Chain Game Changer. What is Supplier Relationship Management (SRM)? Procurement Leaders’ research has shown that “for workflow assignment and supplier relationship management (SRM) , more than 60% have no tools or rely primarily on improvised systems using Microsoft Office. Subscribe Here!

Suppliers 56

Suppliers Supplier relationship management Procurement team Supply Chain Efficiency 56

ivalua

OCTOBER 27, 2020

Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.

Supply Chain Efficiency 26

Supply Chain Efficiency Chief Procurement Officer Procurement Collaboration 26

Supply Chain Game Changer

SEPTEMBER 5, 2019

Subscribe to Supply Chain Game Changer. Strategic Supplier Relationship Management – Do’s and Don’ts. SRM and supply chain transparency remains atop the agenda for various organizations, and it’s no wonder! The common enemy: the complexity of the global supply chain.

Suppliers 54

Suppliers Supply Chain Efficiency Buyers Supplier relationship management 54